Sep 16, 2020

How to Combat Numbers Fatigue

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Drew Grossklaus, Sales Director/BIC East Cooper

I have written before about the importance of numbers in buying or selling real estate. Understanding real estate numbers including comparable home values, days on market, appraisals, and trending figures is crucial to the successful sale or purchase of a home. The importance of the numbers will never change, and working with a knowledgeable agent makes all the difference in utilizing these numbers to make good decisions.

Though numbers are important, there comes a time when numbers fatigue sets in. Numbers fatigue occurs when there are so many numbers and data available that it feels too overwhelming to make a decision based on these figures alone. Experiencing numbers fatigue is frustrating. However, it does remind us of the importance of our “gut” feelings in the decision-making process. Listening to our heads and hearts can help us make wise decisions in areas where numbers and statistics may not be as helpful.

This year has caused significant number fatigue in all of us. 2020 has been an unprecedented year and in this information age we are constantly bombarded with numbers and data. As the days on the calendar progress, this year has felt especially strange with lockdowns, business closures and school delays. COVID-19 has us monitoring numbers daily, from the number of cases to the stock market to home prices.  For most, not a day goes by without us considering numbers.

We cannot, nor should we try, to escape the numbers but we need to remember to take a step back from them at times. When it comes to buying or selling your home, William Means agents know the importance of the numbers but they also know when a client should take a step back and make a decision with their head and their heart. Today is a great day to take a break from the numbers that surround us daily…I guarantee there will be plenty of numbers to look at tomorrow.

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